TRUMP NEW TARIFFS
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
US Stocks end flat as investors await US-China trade talks
Wall Street saw a quiet end to the week as investors awaited U.S.-China trade discussions. Donald Trump suggested tariff adjustments before the meeting in Switzerland. The Dow, S&P 500, and Nasdaq experienced slight weekly declines. Energy sector showed gains, while healthcare faced losses. Federal Reserve officials highlighted economic risks from tariffs. Expedia shares dropped after revenue miss.
US stocks trade in a range as Trump plans to ease China tariffs ahead of weekend meet
Wall Street's main indexes opened higher on Friday as investors assessed fresh remarks from President Donald Trump regarding U.S. tariffs on China ahead of a key weekend meeting between the two countries.
Fed keeps rate unchanged, flags inflation and growth concerns
The unanimous decision to stand pat will keep rates at 4.25% to 4.5%. Rates have been there since December after a series of cuts in the second half of 2024.
Donald Trump lays red carpet for Rolls-Royce, Bentley, Jaguar in UK Trade agreement. Details here
President Donald Trump on Thursday reduced taxes on handmade UK luxury cars like Rolls-Royce, saying they are rare and don’t compete with U.S. cars. The UK will also lower some U.S. taxes.
EU approves 5 billion euro French scheme for wine exports to US
The European Commission has approved a 5 billion euro French scheme to facilitate wine and spirits exports to the U.S. until July 2025, aiming to help exporters ship inventory before potential new tariffs. This action coincides with the EU proposing countermeasures on U.S. imports in response to existing U.S. tariffs, potentially triggering retaliation in the alcohol sector.
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UK-India trade pact to be signed after three months, India official says
India and the United Kingdom are poised to sign a bilateral trade deal within three months, with implementation expected to take over a year. The agreement includes separate import quotas for British combustion engine and electric vehicles, with phased tariff reductions.
EU unveils a plan to hit back at the US if trade negotiations fail
The European Union is escalating pressure on the United States, aiming to push the Trump administration into serious trade negotiations. The European Commission has outlined potential tariffs on $107 billion worth of American goods and plans to initiate a World Trade Organization dispute. This action comes in response to U.S.
EU sets out possible 95 bln euro response to U.S. tariffs
The European Commission proposed countermeasures on up to 95 billion euros of U.S. imports if negotiations fail to remove U.S. tariffs. These measures target U.S. goods like wine, aircraft, and chemicals. The EU prefers a negotiated solution but prepares retaliatory responses for July, potentially escalating trade tensions.
EU publishes US product hit list, prepares for WTO action against Trump's tariffs
European Union is ready with counter duties on American goods. This is if there is no solution to Donald Trump's tariff policies. The EU is also starting legal action at the World Trade Organisation. This is regarding Trump's tariffs. Ursula von der Leyen says EU wants a negotiated outcome with the US.
Trump to announce trade deal with UK Thursday: Reports
Donald Trump is expected to announce a trade deal with the United Kingdom on Thursday, according to US media reports. Trump teased a "major" upcoming agreement on social media, stating it would be the "first of many." This announcement follows recent US tariff impositions and Britain's efforts to bolster trade ties post-Brexit, including a recent deal with India.
Trump says 145pc tariffs on China are here to stay for now
President Trump announced that the 145% tariffs on Chinese imports will remain in place as US and Chinese officials prepare for trade talks in Switzerland. He refuted claims that the US initiated the talks and stated the US is no longer facing massive trade losses. Federal Reserve Chair Jerome Powell noted the trade talks' potential impact on the US economy.
These Ford models to get expensive in US: Check car prices amid Trump tariffs tensions
In a notice sent to dealers, Ford has informed that the prices for some of its models are being increased by up to $2,000. A spokesperson said the latest increase in prices was due to "usual" mid-year pricing actions along with the tariffs that the company faces.
China agreed to U.S. tariff talks but is likely to play hardball
China agreed to trade talks with the U.S., aiming to portray itself as responsible amid global economic concerns. Despite maintaining a firm stance against coercion, Beijing softened its position due to the economic impact of trade tensions. Both nations seek tariff reduction, but the path to a deal remains uncertain, with initial talks focusing on de-escalation.
US Commerce Secretary Howard Lutnick slams Canada as 'Socialist Regime' amid rising trade tensions
US Commerce Secretary Howard Lutnick’s labeling of Canada as a “socialist regime” ahead of PM Mark Carney’s Trump meeting underscores rising Canada-US trade tensions. Known for his aggressive tariff policies, Lutnick’s skepticism toward trade with Canada raises questions about the future of North American economic cooperation under Trump’s second term
Are Tesla, Nissan and Mercedes-Benz's exploiting Trump tariff fears to manipulate customers? Check details
Several companies are alerting customers about possible price hikes due to tariffs. Tesla and Nissan are among those urging consumers to buy now. French brand Sezane also cautioned its U.S. customers. Retailers are using this strategy to boost sales amid low consumer confidence. Some companies pass tariff costs directly. Donald Trump criticized Amazon for planning to display tariff-related price increases.
US stocks close lower as tariff uncertainty weighs
Trump said he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.
Even if Donald Trump eases tariffs, markets aren’t safe, warns hedge fund titan Paul Tudor Jones in dire economic forecast
Paul Tudor Jones warns that US stock markets may still face new lows, even if US President Donald Trump eases tariffs on China. Jones highlights that Trump's commitment to tariffs and the Federal Reserve's reluctance to cut rates create unfavourable conditions for the stock market. He suggests significant rate cuts are needed to prevent further market decline.
India has agreed already to drop its tariffs to nothing: President Trump
President Trump announced that India has agreed to eliminate its high tariffs, a move he attributes to his negotiation skills. He emphasized that India would not have made such an agreement with anyone else. Trump also outlined his vision for trade relations, suggesting countries will pay for the privilege of accessing the US market.
Donald Trump’s tariff strategy backfires as U.S. trade deficit soars to record-breaking high, raising alarms over the President's economic plan
The US trade deficit reached a record high in March. This raised concerns about Donald Trump's tariff policies. Companies imported goods before tariffs took effect. The goods trade deficit rose significantly. The services trade surplus decreased slightly. Trump paused tariffs for most countries except China for trade negotiations. He aims to secure better trade deals for the US.
China warns US tariffs pose 'unprecedented huge risks' to global economy amid ongoing trade war
China's finance minister criticized US tariffs for creating significant risks to the global economy at an Asian Development Bank meeting. He accused an unnamed country of initiating tariff and trade wars, advocating for multilateralism. Despite China's openness to negotiations, it insists on the removal of US tariffs, which Trump has rejected, even as both economies feel the impact.
No decisions yet on foreign film tariffs, White House says
The Trump administration has not taken a final call on imposing foreign film tariffs but is considering all possibilities to meet the president’s directive on Hollywood. A White House spokesperson confirmed the ongoing review on Monday, indicating that tariff plans are still under discussion and no conclusive decision has been made.
Trump threatened 100% tariff on movies made outside US. Here's what we know
President Trump is considering a 100% tariff on foreign-made films, citing national security and the need to protect the American movie industry. Experts warn this could dramatically increase production costs, spark retaliation, and harm the thriving U.S. film sector, which currently enjoys a trade surplus.
Trump's 100% tariffs on foreign films: Which recent blockbusters could have been affected — From 'Avatar' to 'Wicked'
The White House on Monday said a conclusive decision on President Donald Trump's proposed tariffs targeting films made outside the US was yet to be taken. Here’s a look at some of the most recent and successful American-made films that were filmed outside the US.
In a trade-war whirlwind, shoemaker Skechers is sold for $9 billion to become a private company
Skechers is set to be acquired by 3G Capital for over $9 billion, taking the shoe company private. The deal comes amid concerns about the impact of U.S. tariffs on foreign goods, particularly from China, where Skechers has significant production. Despite tariff uncertainties, Skechers reported record revenue in 2024 and will maintain its leadership and headquarters.
These are the countries that will lose the most from Donald Trump's 100% tariffs on foreign-made movies; he may also offer tax incentives to Hollywood
Donald Trump movie tariffs are turning heads in Hollywood and beyond. Trump now wants a 100% tariff on foreign-made films, claiming it's a national security issue. That could massively impact studios like Disney and Netflix, which often film overseas. Countries like the UK, Canada, and Australia—popular Hollywood filming spots—may face the biggest losses. Meanwhile, filmmakers and industry insiders are worried this could hurt both local jobs and global box office sales. Will Trump offer U.S. tax breaks in return? Or will countries retaliate? This could be the start of a major shift in how and where movies get made.
Canada faces a summer of shortages even after Mark Carney's victory, here's the reason behind it
Canada faces a summer of shortages even after Mark Carney's victory, and the story behind it is more serious than it first seems. With U.S. President Donald Trump imposing steep tariffs on Canadian goods, Canada’s economy is feeling the heat—from rising inflation to empty grocery shelves. Despite Carney’s election win and strong stance on trade, Canadians could see job losses, higher prices, and slower growth.
Can Trump's tariffs truly cut Income taxes for Americans earning less than $200,000? Check details
President Trump had recently dropped hints about eliminating income taxes for people earning less than $200,000 per year. "When Tariffs cut in, many people's Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year," he wrote. But experts have expressed apprehension over Trump's claims.
Donald Trump hints at some trade deals as early as this week, sparking hopes for India
US President Donald Trump hinted at possible trade agreements with nations as early as this week to sidestep higher US import taxes. Discussions are ongoing with several countries, with Trump holding the final decision-making power. India is in talks with the US to avoid these taxes. Commerce Minister Piyush Goyal recently visited the US. Both countries aim for a Bilateral Trade Agreement by autumn 2025.
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